Advanced Energy Industries, Inc. (NASDAQ:AEIS) Receives $113.75 Consensus Target Price from Brokerages

Advanced Energy Industries, Inc. (NASDAQ:AEIS) has received an average recommendation of “Hold” from the eleven brokerages that are currently covering the company, Marketbeat Ratings reports. Seven investment analysts have rated the stock with a hold recommendation, three have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price objective among brokers that have covered the stock in the last year is $113.75.

AEIS has been the subject of a number of analyst reports. Susquehanna decreased their target price on shares of Advanced Energy Industries from $103.00 to $92.00 and set a “neutral” rating for the company in a research note on Friday, October 11th. Benchmark reaffirmed a “buy” rating and set a $125.00 price objective on shares of Advanced Energy Industries in a research report on Wednesday, November 20th. StockNews.com raised Advanced Energy Industries from a “sell” rating to a “hold” rating in a report on Monday, November 4th. Baird R W upgraded Advanced Energy Industries to a “strong-buy” rating in a report on Friday, September 20th. Finally, Wells Fargo & Company dropped their price target on shares of Advanced Energy Industries from $103.00 to $98.00 and set an “equal weight” rating on the stock in a research note on Thursday, October 3rd.

Insider Activity at Advanced Energy Industries

In other Advanced Energy Industries news, Director Lanesha Minnix sold 1,000 shares of the business’s stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of $111.72, for a total transaction of $111,720.00. Following the completion of the sale, the director now directly owns 5,092 shares in the company, valued at $568,878.24. The trade was a 16.41 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.87% of the stock is owned by insiders.

Institutional Trading of Advanced Energy Industries

Large investors have recently added to or reduced their stakes in the business. Huntington National Bank raised its position in Advanced Energy Industries by 200.0% in the third quarter. Huntington National Bank now owns 312 shares of the electronics maker’s stock worth $33,000 after acquiring an additional 208 shares during the period. Quantbot Technologies LP purchased a new position in Advanced Energy Industries during the third quarter valued at $41,000. Meeder Asset Management Inc. lifted its position in Advanced Energy Industries by 68.4% during the third quarter. Meeder Asset Management Inc. now owns 458 shares of the electronics maker’s stock valued at $48,000 after purchasing an additional 186 shares in the last quarter. GAMMA Investing LLC grew its holdings in Advanced Energy Industries by 157.6% during the second quarter. GAMMA Investing LLC now owns 626 shares of the electronics maker’s stock valued at $68,000 after purchasing an additional 383 shares during the period. Finally, Canada Pension Plan Investment Board purchased a new stake in Advanced Energy Industries in the second quarter worth about $87,000. 99.67% of the stock is currently owned by institutional investors.

Advanced Energy Industries Trading Up 2.0 %

NASDAQ AEIS opened at $117.35 on Friday. The firm has a market capitalization of $4.42 billion, a PE ratio of 102.94, a P/E/G ratio of 6.77 and a beta of 1.48. The stock’s 50 day moving average is $108.24 and its 200 day moving average is $106.99. Advanced Energy Industries has a twelve month low of $89.11 and a twelve month high of $120.81. The company has a quick ratio of 3.32, a current ratio of 4.62 and a debt-to-equity ratio of 0.48.

Advanced Energy Industries (NASDAQ:AEIS) last announced its earnings results on Wednesday, October 30th. The electronics maker reported $0.98 EPS for the quarter, beating analysts’ consensus estimates of $0.91 by $0.07. The firm had revenue of $374.20 million for the quarter, compared to analysts’ expectations of $372.49 million. Advanced Energy Industries had a net margin of 2.91% and a return on equity of 9.02%. The company’s quarterly revenue was down 8.7% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.12 EPS. Research analysts forecast that Advanced Energy Industries will post 2.52 earnings per share for the current fiscal year.

Advanced Energy Industries Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Stockholders of record on Monday, November 25th will be issued a dividend of $0.10 per share. The ex-dividend date is Monday, November 25th. This represents a $0.40 annualized dividend and a dividend yield of 0.34%. Advanced Energy Industries’s payout ratio is 35.09%.

Advanced Energy Industries Company Profile

Advanced Energy Industries, Inc provides precision power conversion, measurement, and control solutions in the United States and internationally. The company's plasma power products offer solutions to enable innovation for semiconductor and thin film plasma processes, such as dry etch and deposition.